Product Code: ETC4520980 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Offshore wind energy involves the construction and operation of wind turbines at sea to generate electricity. In Saudi Arabia, this market pertains to the development of offshore wind projects to expand renewable energy capacity.
The offshore wind market is witnessing growth as Saudi Arabia explores offshore wind farms as a clean and sustainable energy source. Offshore wind turbines harness wind energy from the sea to generate electricity. With the potential of offshore wind to diversify the energy mix and reduce carbon emissions, the demand for offshore wind projects is expanding in Saudi Arabia.
The offshore wind market in Saudi Arabia encounters challenges related to the harsh marine environment, offshore construction, grid connection, and regulatory frameworks for offshore wind development.
The offshore wind market faced challenges during the pandemic, with impacts on offshore renewable energy projects and investments. Recovery is associated with the revival of offshore wind projects and the demand for clean and renewable offshore energy sources.
Prominent companies in the Saudi Arabia offshore wind market include ?rsted A/S, Siemens Gamesa Renewable Energy, and Vestas Wind Systems A/S, providing offshore wind solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Offshore Wind Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Offshore Wind Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Offshore Wind Market - Industry Life Cycle |
3.4 Saudi Arabia Offshore Wind Market - Porter's Five Forces |
3.5 Saudi Arabia Offshore Wind Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Saudi Arabia Offshore Wind Market Revenues & Volume Share, By Location, 2021 & 2031F |
4 Saudi Arabia Offshore Wind Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Saudi Arabia's commitment to renewable energy targets and reducing carbon emissions |
4.2.2 Favorable government policies and incentives for offshore wind projects |
4.2.3 Increasing demand for energy coupled with a focus on sustainable sources |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with offshore wind projects |
4.3.2 Technical challenges related to deep-sea installations and maintenance |
4.3.3 Limited experience and expertise in offshore wind energy within the country |
5 Saudi Arabia Offshore Wind Market Trends |
6 Saudi Arabia Offshore Wind Market, By Types |
6.1 Saudi Arabia Offshore Wind Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Offshore Wind Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Saudi Arabia Offshore Wind Market Revenues & Volume, By Turbines Nacelle, 2021-2031F |
6.1.4 Saudi Arabia Offshore Wind Market Revenues & Volume, By Rotors & Blades, 2021-2031F |
6.1.5 Saudi Arabia Offshore Wind Market Revenues & Volume, By Tower, 2021-2031F |
6.2 Saudi Arabia Offshore Wind Market, By Location |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Offshore Wind Market Revenues & Volume, By Shallow Water, 2021-2031F |
6.2.3 Saudi Arabia Offshore Wind Market Revenues & Volume, By Transitional Water, 2021-2031F |
6.2.4 Saudi Arabia Offshore Wind Market Revenues & Volume, By Deepwater, 2021-2031F |
7 Saudi Arabia Offshore Wind Market Import-Export Trade Statistics |
7.1 Saudi Arabia Offshore Wind Market Export to Major Countries |
7.2 Saudi Arabia Offshore Wind Market Imports from Major Countries |
8 Saudi Arabia Offshore Wind Market Key Performance Indicators |
8.1 Capacity factor: measuring the efficiency of energy production from installed capacity |
8.2 Levelized cost of energy (LCOE): assessing the long-term cost-effectiveness of offshore wind projects |
8.3 Number of offshore wind installations reaching operational status: indicating the growth and development of the market |
9 Saudi Arabia Offshore Wind Market - Opportunity Assessment |
9.1 Saudi Arabia Offshore Wind Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Saudi Arabia Offshore Wind Market Opportunity Assessment, By Location, 2021 & 2031F |
10 Saudi Arabia Offshore Wind Market - Competitive Landscape |
10.1 Saudi Arabia Offshore Wind Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Offshore Wind Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |